Tuesday, September 1, 2009

For the tax year 2009, employers are instructed to abstain from withholding social security tax after an employee reaches $106,800 in social security wages. This limit would limit an employee to paying $6,621.60 in social security taxes in 2009.

For 2008 the social security limit was $102,000 in social security wages, or $6,324.00 in social security taxes withheld.